New Report Says China Shock Badly Hurt Wages of Low-Income High School Grads
“College-educated workers almost uniformly benefited from living in places that were exposed to the China trade. However, non-college workers were just the opposite. With the exception of a few workers with incomes between the 50th and 75th percentile (i.e., individual incomes around $40-50,000), everyone lacking a college degree suffered an income loss. The very poorest third suffered a huge income loss, losing between 10 percent and 30 percent of their initial incomes.”